INSTANT VIEW 1-Chrysler to file for bankruptcy

Newswire

NEW YORK, April 30 (Reuters) - Chrysler LLC will file for Chapter 11 bankruptcy Thursday after talks to restructure its debt with bondholders collapsed, a U.S. government official said.
Chrysler failed to gain the bondholder support it needed to move forward with a restructuring and avoid the first-ever bankruptcy filing by a major U.S. automaker.
STORY: [ID:LU940906]
DAVID RESLER, CHIEF ECONOMIST, NOMURA SECURITIES, NEW YORK:
"The agreement that seems to be nearing completion for GM ...

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